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SPX IB Intraday Real TimeThis indicator was designed for traders doing Iron Butterflies intradays with the SPX. Draw and assemble the picture of an IB with the call and put wings chosen according to the selected configuration. Additionally, it shows both breakevens according to the credit obtained. The indicator shows the distance, in real time, between the current price of the SPX and the breakevens (calls and puts) that have been selected. This result is shown in percentages and points. In the upper right corner (for calls) and lower right (for puts). The label will change color as the price moves closer or further away from the breakevens. Setting: Open Time (Hour): IB opening time. Open Time (Minute): IB opening minutes. Open Price: Strike to which the center or body of the IB was opened. Auto Price Open: If enabled, it will take the strike at the price closest to the SPX. Wings Width: width of the IB wings. Credit: Refers to the credit obtained according to the IB that was opened. Shows Breakeven: Shows breakeven points at expiration based on credit earned. Add SMAs: Adds the SMAs 8, 20 and 50 to the chart. Note 1: It is recommended to use TradingView's Dark Theme Color. Note 2: this indicator will only work in intraday times of less than 30 minutes (1m,2m,5m,10m,15m,30m) and will only show results while the market is open, that is, in real time. ************************************ Spanish Version: Este indicador fue diseñado para los traders que hacen intradías de Iron Butterflies con el SPX. Dibuja y arma el cuadro de un IB con las alas call y puts elegidas de acuerdo a la configuración seleccionada. Además, muestra ambos breakevens según el crédito obtenido. El indicador muestra la distancia, en tiempo real, entre el actual precio del SPX y los breakevens (calls y puts) que se hayan seleccionado. Este resultado se muestra en porcentajes y en puntos. En la esquina superior derecha (para los calls) e inferior derecha (para los puts). El label cambiará de color a medida que el precio se acerque o aleje de los breakevens. Configuración: Open Time (Hour): Hora de apertura del IB. Open Time (Minute): Minutos de apertura del IB. Open Price: Strike al que se abrió el centro o cuerpo del IB. Auto Price Open: Si se encuentra habilitado tomará el strike al precio más cercano al SPX. Wings Width: ancho de las alas del IB. Credit: Se refiere al crédito obtenido según el IB que se abrió. Shows Breakeven: Muestra los puntos de breakeven en la expiración según el crédito obtenido. Add SMAs: Agrega al cuadro las SMA 8, 20 y 50. Nota 1: se recomienda usar el Dark Theme Color de TradingView. Nota 2: este indicador solo funcionará en temporalidades intradías menores a 30 minutos (1m,2m,5m,10m,15m,30m) y solo mostrará resultados mientras el mercado esté abierto, o sea en tiempo real.
Indicador Pine Script®
por seba34e
2
3 Important Value CompositesCalculated on February 17, 2024. USDT 378 items, BTC 282 items, BINANCE This is a watchlist, along with the most accurate computed values that I could achieve. It may be beneficial for those who want to change values from the "120x ticker screener (composite tickers)" indicator, which is one of the excellent indicators to bypass the limitation of the request. security() function that limits to only 40 requests. I've thought about this before but couldn't succeed, but someone finally did it.  :) --> 120x ticker screener (composite tickers) Thank you once again for this idea. You must look for this and change it. t1 = 'symbol', n1 = Multiply , r1 = Pricescale(decimal) Example of grouping: Group 1 BINANCE:ETHUSDT , BINANCE:FDUSDUSDT , BINANCE:BTCUSDT 2, 4, 2 13, 10 █ Note • Tickers: For your watchlist, arrange them from left to right, pairing them in groups of 3. • Pricescale: This represents the decimal length, arrange them from left to right, pairing them in groups of 3. • Multiply: This involves multiplying the first 2 items in each pair of watchlists. Arrange them from left to right, pairing them in groups of 2. * If you group items incorrectly, it may lead to inaccurate results. * Please be advised that if one of the values in the "Pricescale"(decimal) trio changes, there may be a need to adjust those values accordingly to ensure correct digit separation. Otherwise, within the group, the numbers might appear peculiar.
Indicador Pine Script®
por hapharmonic
US Yield Curve ComparisonIn finance, the yield curve is a graph which depicts how the yields on debt instruments – such as bonds – vary as a function of their years remaining to maturity. The graph's horizontal or x-axis is a time line of months and years remaining to maturity, with the shortest maturity on the left and progressively longer time periods on the right. The vertical or y-axis depicts the annualized yield to maturity. To see changes of a definded timeframe, use this indicator to compare the current US yield curve with one in the past.
Indicador Pine Script®
por UnknownUnicorn5134212
1
UP DOWN Indicator 1Title: UP DOWN Indicator based on ADX Strategy - Accurate Signal Provider with Enhanced Success Potential Description: The Martingale ADX Indicator is a groundbreaking tool meticulously crafted to offer traders unparalleled precision in signal generation and risk management. Leveraging the power of the Average Directional Index (ADX), this indicator provides 100% non-repaint signals on the current candle, guiding traders to opportune and prepare for trade entry with remarkable accuracy. With a focus on empowering traders across various financial markets, including Forex and Binary Options, this ADX Strategy-1 Indicator introduces a unique approach to trading dynamics. By seamlessly integrating the renowned Martingale Step-1 risk management strategy, this indicator not only minimizes losses but also enhances the potential for success, even in volatile market conditions. Key Features: Non-Repaint Signals: The Martingale ADX Indicator stands as a testament to reliability, offering 100% non-repaint signals. Traders can trust in the consistency and not removing losing Signals which is very important to trust the previous generated signals also, eliminating uncertainties and facilitating confident decision-making. ADX-Based Precision: Built upon the robust framework of the Average Directional Index (ADX), this indicator delivers precise signals tailored to prevailing market trends and volatility levels. Whether trading in longer timeframes or engaging in Binary Options, traders can rely on the Martingale Step-1 ADX Indicator for superior insights. Next Candle Trading: Seamlessly integrated into trading strategies, signals from the Martingale ADX Indicator prompt action on the subsequent candle. This real-time approach ensures traders stay ahead of market movements, seizing opportunities as they emerge. Giving Signals Once Candle ahead makes traders to prepare early and decide whether they want to enter the trade on presented Signal or not as per their own experience too. If the trading candle is loss then the very next candle shall be used for taking Martingale Sep-1 to enhance the Accuracy. Enhanced Success Potential: With Martingale Step-1 risk management, this ADX Indicator offers more than just signal accuracy – it presents the potential for heightened success rates. Through strategic position sizing and leveraging experience and Price Action insights, traders can elevate overall accuracy to levels ranging from 80% to 90%. Conclusion: The UP DOWN Strategy-1 Indicator represents a paradigm shift in trading technology, combining precision signal generation with advanced risk management strategies. Whether you're a seasoned trader or just starting your journey, this indicator empowers you to navigate financial markets with confidence and achieve consistent results. Experience the difference with the Martingale ADX Indicator – where reliability meets profitability, and success becomes attainable with every trade. Trade wisely, and may your ventures be marked by prosperity and fulfillment. Pardon for any descriptive language grammatical error and comment about this indicator and to get my other strategy as well. Happy trading !! Risk Disclaimer: Trading in financial markets carries inherent risks and should be approached with caution. It is imperative to exercise sound judgment and trade only with funds that you can afford to lose. We strongly advise against using borrowed funds for trading purposes. First practice on demo for own learning then make decision wisely.
Indicador Pine Script®
por arpitsharma009
16
BetaBeta , also known as the Beta coefficient, is a measure that compares the volatility of an individual underlying or portfolio to the volatility of the entire market, typically represented by a market index like the S&P 500 or an investible product such as the SPY ETF (SPDR S&P 500 ETF Trust). A Beta value provides insight into how an asset's returns are expected to respond to market swings. Interpretation of Beta Values Beta = 1: The asset's volatility is in line with the market. If the market rises or falls, the asset is expected to move correspondingly. Beta > 1: The asset is more volatile than the market. If the market rises or falls, the asset's price is expected to rise or fall more significantly. Beta < 1 but > 0: The asset is less volatile than the market. It still moves in the same direction as the market but with less magnitude. Beta = 0: The asset's returns are not correlated with the market's returns. Beta < 0: The asset moves in the opposite direction to the market. Example A beta of 1.20 relative to the S&P 500 Index or SPY implies that if the S&P's return increases by 1%, the portfolio is expected to increase by 12.0%. A beta of -0.10 relative to the S&P 500 Index or SPY implies that if the S&P's return increases by 1%, the portfolio is expected to decrease by 0.1%. In practical terms, this implies that the portfolio is expected to be predominantly 'market neutral' . Calculation & Default Values The Beta of an asset is calculated by dividing the covariance of the asset's returns with the market's returns by the variance of the market's returns over a certain period (standard period: 1 years, 250 trading days). Hint: It's noteworthy to mention that Beta can also be derived through linear regression analysis, although this technique is not employed in this Beta Indicator. Formula: Beta = Covariance(Asset Returns, Market Returns) / Variance(Market Returns) Reference Market: Essentially any reference market index or product can be used. The default reference is the SPY (SPDR S&P 500 ETF Trust), primarily due to its investable nature and broad representation of the market. However, it's crucial to note that Beta can also be calculated by comparing specific underlyings, such as two different stocks or commodities, instead of comparing an asset to the broader market. This flexibility allows for a more tailored analysis of volatility and correlation, depending on the user's specific trading or investment focus. Look-back Period: The standard look-back period is typically 1-5 years (250-1250 trading days), but this can be adjusted based on the user's preference and the specifics of the trading strategy. For robust estimations, use at least 250 trading days. Option Delta: An optional feature in the Beta Indicator is the ability to select a specific Delta value if options are written on the underlying asset with Deltas less than 1, providing an estimation of the beta-weighted delta of the position. It involves multiplying the beta of the underlying asset by the delta of the option. This addition allows for a more precise assessment of the underlying asset's correspondence with the overall market in case you are an options trader. The default Delta value is set to 1, representing scenarios where no options on the underlying asset are being analyzed. This default setting aligns with analyzing the direct relationship between the asset itself and the market, without the layer of complexity introduced by options. Calculation: Simple or Log Returns: In the calculation of Beta, users have the option to choose between using simple returns or log returns for both the asset and the market. The default setting is 'Simple Returns'. Advantages of Using Beta Risk Management: Beta provides a clear metric for understanding and managing the risk of a portfolio in relation to market movements. Portfolio Diversification: By knowing the beta of various assets, investors can create a balanced portfolio that aligns with their risk tolerance and investment goals. Performance Benchmarking: Beta allows investors to compare an asset's risk-adjusted performance against the market or other benchmarks. Beta-Weighted Deltas for Options Traders For options traders, understanding the beta-weighted delta is crucial. It involves multiplying the beta of the underlying asset by the delta of the option. This provides a more nuanced view of the option's risk relative to the overall market. However, it's important to note that the delta of an option is dynamic, changing with the asset's price, time to expiration, and other factors.
Indicador Pine Script®
por DeltaValue
FalconRed 3 Candlestick LevelsThis Pine Script indicator is designed to enhance price action analysis by identifying specific candle patterns that signal potential buying and selling levels. The analysis is based on the characteristics of the current candle and its two immediate predecessors. For identifying buying levels, the script examines the wicks of the candles, highlighting areas where buying and selling struggle is evident. The indicator recognizes significant breaks above wick levels, especially when followed by a subsequent candle with a lower wick. This combination suggests that previous selling pressure has been challenged and overcome. Buy breakout and retest levels are highlighted with green color, providing a clear visual indication of potential buying opportunities. The indicator draws horizontal lines that extend to the right, offering insights into the frequency of retests and the recurrence of similar patterns in specific price zones, thereby confirming and reinforcing the observed price action. Similarly, the indicator scrutinizes the selling side, pinpointing breakdown and retest levels. These areas are highlighted with red color, aiding in the identification of potential selling opportunities. This indicator serves as a valuable tool for analyzing price action levels and visualizing buying and selling areas. It can be effectively combined with other technical indicators to enhance confidence in trading decisions. Gain deeper insights into market dynamics and improve decision-making by integrating this candle pattern analysis indicator into your trading strategy.
Indicador Pine Script®
por falcon_red
1
Tips,Notes,RulesEasy Annotation: Quickly create custom annotations during your trading sessions to capture important ideas, strategies and observations as you go. User-friendly Interface: The indicator offers an intuitive interface, ensuring a smooth experience for adding notes to your chart. Custom Appearance: Personalize your annotations according to your preferences. Adjust the text size to make your notes easily readable and tailored to your visual preferences. Choose from a variety of colors to make your annotations visually distinct and recognizable. Align your text according to your preferences to create a visually appealing graphic. Flexible Positioning: Place your annotations at the top, middle, or bottom of the chart, providing flexibility without obstructing your view of the price action. Clear View of Price Action: Make sure your personalized notes don't interfere with your analysis of market movements. Tracking Trading Rules: Use the indicator to record your trading rules, ensuring that you follow your established strategies consistently. Implement and follow your risk management plans, helping you maintain control over your transactions. Capture and examine the psychological cues that influence your decisions, promoting greater discipline in your approach to trading. Improved Trading Experience: The Trading Notes indicator integrates seamlessly into your trading workflow, allowing you to focus on market analysis and decision-making. Develop a complete record of your trading sessions, facilitating post-analysis and continuous improvement.
Indicador Pine Script®
por Tonton_milt
1
Option Buying Pivot and SMA 3 Pivot crossoverThis script is designed as a visual aid for options trading specifically for option buying, providing information about potential entry points, Option levels, and trade outcomes. Here's a summary of the key elements: 1. Pivot Point and True Range:* - The script calculates the current candle's pivot point, representing an average of high, low, and close prices from the previous candle. - True range, a measure of volatility, is determined using the high, low, and close prices of the last two candles. 2. Option Levels: - Downside (PutValue - Red colour line) and upside (CallValue - Green Colour line) are calculated based on the current pivot point and true range. PutValue = currentCandlePivot + currentCandleTrueRange CallValue = currentCandlePivot - currentCandleTrueRange 3. Simple Moving Average (SMA) of Pivot Point: - A 3-period SMA is applied to the pivot point to smooth out fluctuations. 4. Trade Entry Logic: - Long entry is signalled when the current pivot point is above the SMA. (longEntry = currentCandlePivot > smaPivot) - At the time of long entry BUY THE CALL OPTION OR SELL THE PUT OPTION near the CallValue Green line - Short entry is signalled when the current pivot point is below the SMA. (shortEntry = currentCandlePivot < smaPivot) - At the time of Short entry BUY THE PUT OPTION OR SELL THE CALL OPTION near the PutValue Red line The indicator having option to change the background of the candle as a green for long; and change the background of the candle as red for short. Also, Having the option to plot as label. 5. Win and Loss Logic: - Winning conditions are assessed based on the close price relative to CallValue (for Long) and PutValue (for Short). - Losing conditions are determined similarly. - winLong = close > CallValue and longEntry - winShort = close < PutValue and shortEntry -lossLong = close < CallValue and longEntry -lossShort = close > PutValue and shortEntry The indicator having option to change the background of the candle as a green for win; and change the background of the candle as red for loss. Also, Having the option to plot as label. 6. Background Coloring and Plots: - The script uses background colors to highlight Long, Short, Win, and Loss scenarios. - Shapes and labels are plotted on the chart to visually represent entry points, stop-loss levels, and trade outcomes. The overall purpose is to provide traders with a clear visual representation of potential trading opportunities and outcomes, helping them make informed decisions in the options market.
Indicador Pine Script®
por Sabarijegan
User Defined Range Selector and Color Changing EMA LineThe "User Defined Range Selector and Color Changing EMA Line," stands out in the crowded field of trading indicators due to its unique blend of visual clarity and customizable functionality. Unlike traditional indicators, this tool not only tracks the Exponential Moving Average (EMA) but enhances it with a user-defined mirrored line to visually denote a range based on a percentage distance from the EMA. Key Features: - Dynamic Color-Changing EMA: The EMA line changes color based on its slope, providing instant visual cues about the market trend. Blue signifies an upward trend, red indicates a downward trend, and gray represents a sideways market. - Customizable Range Selector: A mirrored EMA line is plotted, which can be set at a user-defined percentage away from the primary EMA. This feature allows traders to visualize a potential price range or channel, adding an extra layer of analysis for potential support and resistance zones. - User-Driven Inputs: With inputs like EMA length, slope length, source, and the percentage distance for the mirrored line, the indicator offers a high level of customization, catering to various trading styles and strategies. - Enhanced Trading Strategy Development: This combination of trend visualization and range identification aids in refining entry and exit points, making it an invaluable tool for developing more nuanced trading strategies. Why It's Unique: - Dual Functionality: The combination of trend indication (via color changes) and range visualization (through the mirrored line) sets this indicator apart from traditional EMA-based tools. - Customization and Flexibility: The ability to tailor key parameters like EMA length and the percentage away for the mirrored line empowers traders to adapt the tool to fit their specific trading approach and market conditions. - Visual Simplicity: Despite its multifaceted capabilities, the indicator maintains a clean and intuitive visual presentation, ensuring ease of use and interpretation. License: This source code is subject to the terms of the Mozilla Public License 2.0. More details can be found at (mozilla.org). However, the code is public so use it as you see fit.
Indicador Pine Script®
por Crypto_Moses
Expected Move by Option's Implied Volatility High Liquidity This script plots boxes to reflect weekly, monthly and yearly expected moves based on "At The Money" put and call option's implied volatility. Symbols in range: This script will display Expected Move data for Symbols with high option liquidity. Weekly Updates: Each weekend, the script is updated with fresh expected move data, a job that takes place every Saturday following the close of the markets on Friday. In the provided script, several boxes are created and plotted on a price chart to represent the expected price moves for various timeframes. These boxes serve as visual indicators to help traders and analysts understand the expected price volatility. Definition of Expected Move: Expected Move refers to the anticipated range within which the price of an underlying asset is expected to move over a specific time frame, based on the current implied volatility of its options. Calculation: Expected Move is typically calculated by taking the current stock price and applying a multiple of the implied volatility. The most commonly used multiple is the one-standard-deviation move, which encompasses approximately 68% of potential price outcomes. Example: Suppose a stock is trading at $100, and the implied volatility of its options is 20%. The one-standard-deviation expected move would be $100 * 0.20 = $20. This suggests that there is a 68% probability that the stock's price will stay within a range of $80 to $120 over the specified time frame. Usage: Traders and investors use the expected move as a guideline for setting trading strategies and managing risk. It helps them gauge the potential price swings and make informed decisions about buying or selling options.There is a 68% chance that the underlying asset stock or ETF price will be within the boxed area at option expiry. The data on this script is updating weekly at the close of Friday, calculating the implied volatility for the week/month/year based on the "at the money" put and call options with the relevant expiry. This script will display Expected Move data for Symbols within the range of JBL-NOTE in alphabetical order. In summary, implied volatility reflects market expectations about future price volatility, especially in the context of options. Expected Move is a practical application of implied volatility, helping traders estimate the likely price range for an asset over a given period. Both concepts play a vital role in assessing risk and devising trading strategies in the options and stock markets.
Indicador Pine Script®
por ImpliedVolatilityScreener
2
Expected Move by Option's Implied Volatility Symbols: B - CLF This script plots boxes to reflect weekly, monthly and yearly expected moves based on "At The Money" put and call option's implied volatility. Symbols in range: This script will display Expected Move data for Symbols within the range of B - CLF in alphabetical order. Weekly Updates: Each weekend, the script is updated with fresh expected move data, a job that takes place every Saturday following the close of the markets on Friday. In the provided script, several boxes are created and plotted on a price chart to represent the expected price moves for various timeframes. These boxes serve as visual indicators to help traders and analysts understand the expected price volatility. Definition of Expected Move: Expected Move refers to the anticipated range within which the price of an underlying asset is expected to move over a specific time frame, based on the current implied volatility of its options. Calculation: Expected Move is typically calculated by taking the current stock price and applying a multiple of the implied volatility. The most commonly used multiple is the one-standard-deviation move, which encompasses approximately 68% of potential price outcomes. Example: Suppose a stock is trading at $100, and the implied volatility of its options is 20%. The one-standard-deviation expected move would be $100 * 0.20 = $20. This suggests that there is a 68% probability that the stock's price will stay within a range of $80 to $120 over the specified time frame. Usage: Traders and investors use the expected move as a guideline for setting trading strategies and managing risk. It helps them gauge the potential price swings and make informed decisions about buying or selling options. There is a 68% chance that the underlying asset stock or ETF price will be within the boxed area at option expiry. The data on this script is updating weekly at the close of Friday, calculating the implied volatility for the week/month/year based on the "at the money" put and call options with the relevant expiry. In summary, implied volatility reflects market expectations about future price volatility, especially in the context of options. Expected Move is a practical application of implied volatility, helping traders estimate the likely price range for an asset over a given period. Both concepts play a vital role in assessing risk and devising trading strategies in the options and stock markets.
Indicador Pine Script®
por ImpliedVolatilityScreener
Expected Move by Option's Implied Volatility Symbols: A - AZZ This script plots boxes to reflect weekly, monthly and yearly expected moves based on "At The Money" put and call option's implied volatility. Symbols in range: This script will display Expected Move data for Symbols within the range of A - AZZ in alphabetical order. Weekly Updates: Each weekend, the script is updated with fresh expected move data, a job that takes place every Saturday following the close of the markets on Friday. In the provided script, several boxes are created and plotted on a price chart to represent the expected price moves for various timeframes. These boxes serve as visual indicators to help traders and analysts understand the expected price volatility. Definition of Expected Move: Expected Move refers to the anticipated range within which the price of an underlying asset is expected to move over a specific time frame, based on the current implied volatility of its options. Calculation: Expected Move is typically calculated by taking the current stock price and applying a multiple of the implied volatility. The most commonly used multiple is the one-standard-deviation move, which encompasses approximately 68% of potential price outcomes. Example: Suppose a stock is trading at $100, and the implied volatility of its options is 20%. The one-standard-deviation expected move would be $100 * 0.20 = $20. This suggests that there is a 68% probability that the stock's price will stay within a range of $80 to $120 over the specified time frame. Usage: Traders and investors use the expected move as a guideline for setting trading strategies and managing risk. It helps them gauge the potential price swings and make informed decisions about buying or selling options. There is a 68% chance that the underlying asset stock or ETF price will be within the boxed area at option expiry. The data on this script is updating weekly at the close of Friday, calculating the implied volatility for the week/month/year based on the "at the money" put and call options with the relevant expiry. In summary, implied volatility reflects market expectations about future price volatility, especially in the context of options. Expected Move is a practical application of implied volatility, helping traders estimate the likely price range for an asset over a given period. Both concepts play a vital role in assessing risk and devising trading strategies in the options and stock markets.
Indicador Pine Script®
por ImpliedVolatilityScreener
3
Session highlighter [Digit23]This Pine Script indicator, crafted by Digit23, serves as a session highlighter to enrich your TradingView trading experience. It offers a visual representation of a specified trading session, aiding traders in identifying and concentrating on pivotal time intervals. Key Features: User-Defined Session: Tailor the trading session by setting specific start and end times, allowing traders to align the indicator with their preferred timeframes. Day of Week Filter: Optionally, refine the highlighted session by selecting a specific day of the week, providing flexibility to accommodate diverse trading strategies. Visual Clarity: The indicator employs a customizable background color during the defined trading session, ensuring quick recognition and differentiation of the highlighted timeframe. How to Use: Session Configuration: Adjust the start and end times to define your preferred trading session. Day of Week Filter (Optional): Fine-tune the indicator by specifying a particular day of the week to apply the session highlight. Visual Enhancement: The indicator visually highlights the specified trading session, offering a clear and intuitive representation on your TradingView chart. Compatibility: This indicator seamlessly integrates with all markets and timeframes available on TradingView, providing versatility for traders across different instruments. Note: Use this indicator alongside other technical analysis tools for a comprehensive trading strategy. This indicator is shared for educational and informational purposes only. Trading involves risk, and it's crucial to conduct thorough research and analysis before making trading decisions. Disclaimer: This script is provided for educational and informational purposes only. Trading involves risk, and it is essential to conduct thorough research and analysis before making trading decisions.
Indicador Pine Script®
por digit23
Spot-Vol CorrelationSpot-Vol Correlation Script Guide Purpose: This TradingView script measures the correlation between percentage changes in the spot price (e.g., for SPY, an ETF that tracks the S&P 500 index) and the changes in volatility (e.g., as indicated by the VIX, the Volatility Index). Its primary objective is to discern whether the relationship between spot price and volatility behaves as expected ("normal" condition) or diverges from the expected pattern ("abnormal" condition). Normal vs. Abnormal Correlation: Normal Correlation: Historically, the VIX (or volatility) and the spot price of major indices like the S&P 500 have an inverse relationship. When the spot price of the index goes up, the VIX tends to go down, indicating lower volatility. Conversely, when the index drops, the VIX generally rises, signaling increased volatility. Abnormal Correlation: There are instances when this inverse relationship doesn't hold, and both the spot price and the VIX move in the same direction. This is considered an "abnormal" condition and might indicate unusual market dynamics, potential uncertainty, or impending shifts in market sentiment. Using the Script: Inputs: First Symbol: This is set by default to VIX, representing volatility. However, users can input any other volatility metric they prefer. Second Symbol: This is set to SPY by default, representing the spot price of the S&P 500 index. Like the first symbol, users can substitute SPY with any other asset or index of their choice. Length of Calculation Period: Users can define the lookback period for the correlation calculation. By default, it's set to 10 periods (e.g., days for a daily chart). Upper & Lower Bounds of Normal Zone: These parameters define the range of correlation values that are considered "normal" or expected. By default, this is set between -0.60 and -1.00. Visuals: Correlation Line: The main line plot shows the correlation coefficient between the two input symbols. When this line is within the "normal zone", it indicates that the spot price and volatility are inversely correlated. If it's outside this zone, the correlation is considered "abnormal". Green Color: Indicates a period when the spot price and VIX are behaving as traditionally expected (i.e., one rises while the other falls). Red Color: Denotes a period when the spot price and VIX are both moving in the same direction, which is an abnormal condition. Shaded Area (Normal Zone): The area between the user-defined upper and lower bounds is shaded in green, highlighting the range of "normal" correlation values. Interpretation: Monitor the color and position of the correlation line relative to the shaded area: If the line is green and within the shaded area, the market dynamics are as traditionally expected. If the line is red or outside the shaded area, users should exercise caution as this indicates a divergence from typical behavior, which can precede significant market moves or heightened uncertainty.
Indicador Pine Script®
por DanJoa
Auto Trailing stoploss By InvestYourAsset💥The Auto Trailing Stop-Loss indicator is a technical indicator that uses the ATR (Average True Range) to calculate a trailing stop-loss for both long and short positions. 💥The signals according to the indicator allows traders to exit from the position before its too late! The indicator can be used to determine when to enter and exit trades. 💥To use the indicator, you simply need to set the input parameters to suit your trading style and risk tolerance. The default values for the parameters are: p: The ATR period (14) q: The stop period (20) x: The multiplier used to calculate the initial high and initial low (1.5) Calculations: 📈Calculates the ATR using the specified period you can modify ATR period according to your trading style. 📈Calculates the initial high and low stop levels based on the highest high and lowest low over the user defined ATR period. 📈Calculates short and long stoploss levels using the initial high and low stops. 💥Once you have set the input parameters according to your trading style whether you are a day trader or a swing trader, the indicator will plot the short stoploss, long stoploss, and stoploss hit signals on your chart. 💥You can use the indicator to enter and exit trades in a various ways. For example, 🚀 you could enter a long trade when the price crosses above both red and green lines plotted on the chart. (or when price crosses over both short stoploss and long stoploss.) You could also use the indicator to secure your profits by moving your stop-loss up as the price moves in your favor. Here is an example of how you could use the indicator to enter and exit trades: 🚀Enter a long trade when the price crosses above the red line or short stoploss. ✅keep Moving your stop-loss upward with the long stoploss or green line. ✅Exit the trade when the price crosses below the long stoploss or green line. 💥You can also use the indicator to protect your existing trades. For example, if you are already in a long trade, you could move your stop-loss up to the short stop when the price moves up 10%. This will help you to protect your profits in case the price starts to move against you. 💥💥some additional tips for using the Auto Trailing Stop-Loss indicator: ✅Use the indicator in conjunction with other technical indicators or your own trading strategy to generate entry and exit signals. ✅Backtest your trading strategy before using it live to make sure that it is profitable. ✅Use the indicator to protect your profits by moving your stop-loss up as the price moves in your favor. ✅ Always follow risk management rules and manage your position sizing according to your risk appetite. ✅ Be aware of the overall trend direction. If the trend is up, you should be looking for bullish reversals or continuations. If the trend is down, you should be looking for bearish reversals or continuations. This script essentially provides a visual representation of a trading strategy that automatically adjusts stop-loss levels based on market volatility (ATR). It also includes signals for entering long or short positions and visually highlights these signals on the chart. 📣📣Follow us for timely updates regarding future indicators and give it a like if you appreciate the work.📣📣
Indicador Pine Script®
por InvestyourAsset
2
SizeblockPrice change indicator in the form of diagonal rows. The calculation is based on the percentage or tick deviation of the price movement (indicated in the "Deviation" parameter), which is displayed on the chart in the form of rows. The row consists of the base middle line, upper and lower limits: The middle line is the basis for the upper and lower limits of the current row. The upper and lower limits are deviations from the base middle line of the current row. The base middle line is equal to the upper or lower limits of the previous row (if the price changes rapidly in one time interval, then the base middle line of the current row is greater than the upper limit of the previous row or less than the lower limit of the previous row by an equal number of deviations depending on the direction of price movement). At the beginning of the calculation, the base middle line is equal to the initial value of the first row. The "Quantity" parameter determines the deviation for the upper or lower limits depending on the direction of the price movement, and the "U-turn" parameter determines the deviation for changing the direction of the price movement. The rule for constructing a new row: The "Source" parameter accepts, depending on the choice, the price of high, low values or the closing price from the time interval of the chart. When the price reaches the upper or lower limits of the row and goes beyond them, a new row is formed with the same parameters for deviation of the upper and lower limits from the base middle line, depending on the direction of price movement. By adjusting certain deviations, you can clearly see the local trend and reversal points on the chart. A useful tool for tracking price direction. Thanks for your attention!
Indicador Pine Script®
por StCogitans
3
Seasonal Trend by LogReturnSeasonal trend in terms of stocks refers to typical and recurring patterns in stock prices that happen at a specific time of the year. There are many theories and beliefs regarding seasonal trends in the financial markets, and some traders use these patterns to guide their investment decisions. This indicator calculates the trend by "Daily" logarithmic returns of the past years. So, you should use this indicator with a "Daily" mainchart. Note: If you select more years in the past than data is available, the line turns red.
Indicador Pine Script®
por UnknownUnicorn5134212
3
Tetra Trendline Indicator 2.0This script is designed to help traders visualize and identify potential overbought and oversold conditions in a financial instrument's price chart using four customizable trendlines. It also provides the option to set alerts for these conditions. Users can adjust the input parameters to tailor the indicator's behavior to their trading preferences. Input Parameters: The script allows users to configure various input parameters to customize the behavior of the indicator. These parameters include: showTrendlineX: Boolean inputs to control whether to show each of the four trendlines (Trendline 1, Trendline 2, Trendline 3, and Trendline 4). trendlineColorX: Color inputs to specify the color of each trendline. trendlineWidthX: Numeric inputs to set the width of each trendline. trendlineLengthX: Numeric inputs to determine the length of each trendline. alertOnTrendlineXBreak: Boolean inputs to enable or disable alerts for each trendline when they are breached. Trendline Calculations: The script calculates the coordinates for each of the four trendlines. It does this by identifying the starting and ending points of each trendline based on user-defined parameters and the highest or lowest price levels within a specified length. Plotting Trendlines: The script uses the plot function to display the calculated trendlines on the price chart. It also fills the area between the trendlines to visually emphasize the region. Alert Conditions: The script defines alert conditions for each trendline. Alerts are triggered when certain price conditions are met: Trendline 1: An alert is triggered when the price crosses above the Trendline 1 (indicating overbought conditions). Trendline 2: An alert is triggered when the price crosses below the Trendline 2 (indicating oversold conditions). Trendline 3: Similar to Trendline 1, an alert is triggered when the price crosses above Trendline 3 (overbought). Trendline 4: Similar to Trendline 2, an alert is triggered when the price crosses below Trendline 4 (oversold).
Indicador Pine Script®
por egghen
4
Strategy:Reversal-CatcherWhat This is a plain and vanilla reversal based strategy for intraday (15m) timeframe on Futures prices of the assets. Now what all it comprises of? It finds out the dynamic support & resistance from Bollinger Band (20 period, 1.5 std dev). It finds out the potential divergence of price deviation from 5 period exponential moving average (EMA). If the previous candle (N-1) shows a divergence it confirms the reversal by checking the present candle (N) to be closed inside the Bollinger Band. It confirms the momentum by checking RSI shows a crossover/crossunder to oversold (30) / overbought (70) region. It also confirms whether the trend is up (then only reversal trade to short) or down (then only reversal trade to long). The trend is checked with EMA-21 and EMA-50. Re-affirmation Condition : It re-affirms the position of two successive candles called as `hhLLong` and `hhLLShort` in the script. Why In Indian context, retail participants are pre-dominantly (yes- 80% of Indian daily volume) Options buyers mainly in weekly indices (Nifty, BankNifty, FinNifty, CNXMidcap, Sensex, Bankx .. well everyday is expiry now in India, except -- Thank God -- Saturday & Sunday). And in Index Options the momentum plays a big role. If one can catch a good reversal point the potential of high Risk-to-Reward trade (hence earn handsomely) is very likely (please note: there is no holy grail in trading. Nothing works 100%). So this is the attempt to catch a reversal. Re-affirmation of Reversal hhLLong : It's a reversal point after an uptrend. It checks the relative positioning of current candle compared to that of previous candle. [The details are in the script. Check for variable hhLLong in script. hhLLShort : It's a reversal point after a downtrend. It checks the relative positioning of current candle compared to that of previous candle. [The details are in the script. Check for variable hhLLShort in script. Unique-ness What's unique in it? Why we decided to publicly share this: Already given the context of The Great Indian Options Buyers community. It should be helpful to them, we believe. It takes Very Less Number of Trades with High Accuracy . Please check the result in NSE:NIFTY1! in 15m timeframe. 71% accuracy with roughly a trade in a month. There is no point giving brokers' the brokerages taking 10 trades a day and ending not-so-good EoD. Better lets take less trades with better result possibility. . Mention There are many people uses this variation of Bolling Band, 5EMA Many people use RSI, trends and relative positioning of candles. --> We are grateful to all of them. It's really difficult to mention everyone's name. But all people somehow influence the thought process. Thanks for all of them. Statutory Disclaimer There is no silver bullet / holy grail in trading. Nothing works 100% time. One has to be careful about the loss (s)he can bear in case of the trade goes against. We, as the author of this script, is not responsible for any trading or position decision one is taken based on the outcome of this. It is our sole discretion to change, add, delete the portion or withdraw the whole script without any prior notice or intimation. In Indian Context : We are not SEBI registered, will never be SEBI registered.
Estratégia Pine Script®
por pradipandsuvra
1
MACD HTF - Dynamic SmoothingEnhancing Your 1-Minute Trades with Dynamic HTF MACD Smoothing Ever found yourself glued to a 1-minute chart, trying to catch every minor price movement, yet feeling like you're missing the bigger picture? Picture this: a solid MACD line on that chart, dynamically smoothed from a higher timeframe (HTF). This tool offers two significant benefits over other existing HTF MACD indicators: User-Friendly Interface: No need to manually adjust input parameters every time you switch to a different timeframe. Smooth Charting: Say goodbye to the zigzag lines that often result from plotting higher time frame resolutions on a lower time frame. Understanding the MACD The Moving Average Convergence Divergence (MACD) is one of the most widely used and trusted technical indicators in the trading community. Invented by Gerald Appel in the late 1970s, the MACD helps traders understand the relationship between two moving averages of a security's price. It consists of the MACD line (difference between a 12-period and 26-period Exponential Moving Average) and the Signal line (9-period EMA of the MACD line). When the MACD line crosses above the Signal line, it's viewed as a bullish signal, and vice versa. The difference between the two lines is represented as a histogram, providing insights into potential buy or sell opportunities. Features of the Dynamic HTF MACD Smoothing Script Time Frame Flexibility: Choose a higher timeframe to derive MACD values and apply dynamic smoothing to your current timeframe. Multiple Moving Averages: The script supports various MA types like EMA, SMA, DEMA, TEMA, WMA and HMA. Alerts: Get real-time alerts for MACD crossover and crossunder. Customizability: From the type of moving average to its length, customize as per your strategy. Visual Indicators: Clearly plots signals when MACD crossover or crossunder occurs for potential entries. At last A massive shoutout to all the wizards and generous contributors in the community! You inspire innovations and new tools, paving the path forward. Here's to a community where we learn and build together. Cheers to collective growth!
Indicador Pine Script®
por Harrocop
3